American billionaire Carl Icahn's CVR Energy raises $500 million in share sale
CVR Energy, controlled by Carl Icahn, priced 10.5 million new shares at $47.55 each, raising $500 million toward its $4.2 billion purchase of two refineries.
Oil refining
Ethiopian billionaire Mohammed Al-Amoudi's failed refinery cost Morocco $7 billion
Mohammed Al-Amoudi bought Morocco's only refinery for 4 billion dirhams in 1997. It shut in 2015 owing over $4 billion and has never reopened.
Africa's richest man Aliko Dangote says his $16 billion Kenya refinery needs state protection
Aliko Dangote will fund 70 percent of his $16 billion Lamu refinery with debt and says it needs protection from cheap imports.